PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4 4,730 5.390 5.170 5.000 5.000 5.000 110 110 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 4,620 4.620 42 330 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production costunit Holding costunit/quarter Hiring cost'employee Firing cost employee Subcontract costunit 110 480 $85 $13 $820 $2,150 $110 46 48 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number
PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4 4,730 5.390 5.170 5.000 5.000 5.000 110 110 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 4,620 4.620 42 330 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production costunit Holding costunit/quarter Hiring cost'employee Firing cost employee Subcontract costunit 110 480 $85 $13 $820 $2,150 $110 46 48 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below.
Supply/Demand Info
Pre-Q1 Q1
4,620
4,620
Forecast (demand)
Regular production
Subcontract production
Ending inventory
Hired employees
Fired employees
Total employees
42
42
Q2
Q3
Q4
4,730 5,390 5,170
5.080
5.060
5.080
330
4
46
The table below shows additional relevant information:
Capacity Information & Cost Variables
Production rate (units/employee/quarter)
Subcontractor capacity (units/quarter)
Regular production cost/unit
Holding cost'unit/quarter
Hiring cost/employee
Firing cost/employee
Subcontract cost/unit
110
480
$85
$13
$820
$2,150
$119
110
110
46
46
What is the overall total cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total holding cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total hire cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total fire cost for this production plan? (Display your answer to the nearest whole number.)
Number
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